Locked content Grupa Azoty to revise investment program

WSE-listed, state-run chemical giant Grupa Azoty might revise its investment program after the acquisition of a German specialty fertilizer producer Compo Expert. Still, key investment projects remain unthreatened. “We will review our investment projects. They may be changed if they overlap with the...

Locked content Grupa Azoty buys Goat TopCo for max. €235 mln

Chemicals producer Grupa Azoty signed a conditional agreement to buy 100 percent stake in German Goat TopCo for up to €235 million. The transaction will be fully financed from available credit facilities. The closing of the deal is expected not earlier than in October and not later than in Q1 2019. ...

Grupa Azoty in M&A talks with three companies

Chemicals producer Azoty Group is negotiating acquisition of three foreign companies, deputy CFO Paweł Łapiński said at a press conference. He added that two of the companies were from neighboring countries, including one from Germany.

Locked content Grupa Azoty with PLN 132 mln H1 profit. Affected by Q2 loss

WSE-listed, state-run chemical giant Grupa Azoty had PLN 132.1 million H1 net profit, down by 65 percent, which would imply a PLN 56 million Q2 loss, the company said in its preliminary financial results. “The lower level of earnings was a compilation of three major factors: a significant rise in co...

Locked content Grupa Azoty enters 2nd credit agreement with EBRD

Chemical and fertilizer producer Grupa Azoty and European Bank for Reconstruction and Development (EBRD) signed a new long-term loan agreement and an annex to the long-term loan agreement from May 28, 2015, the company said. The second credit agreement with EBRD is for up to PLN 500 million and for ...

Locked content Grupa Azoty with PLN 1.5 bln additional credit

Chemicals producer Grupa Azoty signed an agreement with four banks: PKO BO, BGK, BZ WBK and ING BSK to increase the amount of its renewable credit signed originally in April 2015 from PLN 1.5 billion to PLN 3 billion, including the refinancing of the original PLN 1.5 billion. The loan is set to be r...

Locked content Grupa Azoty will pay dividend of PLN 1.25/shr

WSE-listed chemicals producer Grupa Azoty decided to distribute a dividend of PLN 1.25 per share for 2017. In total, it will pay PLN 124 million, the company said in a statement. Grupa Azoty net profit for 2017 amounted to PLN 354.8 million. The record date is set for July 25, and the dividend will ...

Locked content Grupa Azoty sees higher investments for 2014-2020

Poland’s largest chemicals maker Grupa Azoty will have significantly higher investment costs for 2014-2020 than the previously announced PLN 7 billion, said the company’s deputy CEO, Paweł Łapiński. By 2017 the state-controlled group already allocated around PLN 4 billion to investments. In 20...

Locked content Jagiellonian University and Grupa Azoty sign cooperation agreement

The Faculty of Chemistry at the Jagiellonian University in Kraków and Grupa Azoty, the largest Polish chemical corporation, have signed a cooperation agreement. It involves scientific and research cooperation in the field of chemical sciences, new materials and technologies as well as environmental ...

Locked content Grupa Azoty with PLN 1.6 bln CAPEX for 2018

Chemicals producer Grupa Azoty plans investment outlays of PLN 1.6 billion in 2018, deputy CEO Paweł Łapiński stated at a press briefing. Last year Grupa Azoty’s CAPEX came in PLN 1.069 billion, which was lower than the PLN 1.3 billion the company had planned, Łapiński added. Grupa Azoty is one of t...